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Ghosn under Scrutiny over 50,000-Euro Wedding Bill

French carmaker Renault said Thursday that it would inform investigators about a transaction it uncovered involving its former boss Carlos Ghosn and the Palace of Versailles, where the auto executive held an extravagant wedding in 2016.

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Qantas Confirms Cancellation of Airbus Order

Australian flag carrier Qantas on Thursday confirmed it would not take up eight Airbus A380s already ordered -- the latest blow for the European airspace firm.

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Germany, France to Seek Changes to EU Competition Law after Rail Flop

Paris and Berlin will jointly propose changes to EU competition rules to respond to growing rivalry from global giants, German Economy Minister Peter Altmaier said Wednesday after Brussels vetoed plans to create a Siemens-Alstom rail behemoth.

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U.S., China Committed to Reaching Trade Deal by Deadline, Says Mnuchin

Both sides in the U.S.-China trade negotiations are making a "big commitment" to reach an agreement by the March 1 deadline, U.S. Treasury Secretary Steven Mnuchin said Wednesday.

President Donald Trump and Chinese leader Xi Jinping agreed to a 90-day truce in the ongoing trade war, but US tariffs on $200 billion in Chinese imports are due to more than double to 25 percent if no deal is reached.

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Money Laundering Scandal Leaves Stain on ING Results

Dutch bank ING posted Wednesday a slight fall in profits for 2018 following a multi-million-euro settlement with Netherlands authorities in a money laundering investigation.

Earnings fell by 4.1 percent to 4.7 billion euros ($5.4 billion) last year despite growth in its client base, the Amsterdam-based lender said in a statement.

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EU to Veto Rail Merger in Defiance of France, Germany

The EU's powerful anti-trust sheriff, Margrethe Vestager, is set to veto the merger of the Siemens-Alstom rail businesses on Wednesday, in defiance of France and Germany.

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Erdogan Says Turkey Bank Will be Treasury Property

Turkish President Recep Tayyip Erdogan on Tuesday said the country's largest private lender Isbank, partly owned by the main opposition party, would become a property of the Treasury, causing  the bank's shares to plunge.

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Renault-Nissan to Work with Google's Waymo on Driverless Cars

The three-way alliance of Renault, Nissan and Mitsubishi Motors is planning a deal to work with Google's Waymo to jointly develop self-driving taxis, Japan's Nikkei said Tuesday.

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Russian Oil Giant Rosneft Doubled Net Income in 2018

Russia's biggest oil company Rosneft said Tuesday it more than doubled its net income last year, taking advantage of the climbing price of crude despite an unstable market.

The state-controlled company reported a net income of 549 billion rubles ($8.4 billion, 7.3 billion euros) in 2018, up from 222 billion rubles the previous year. Revenues increased by 37 percent year on year to 8.2 trillion rubles.

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World Bank Leading the Charge on Development Finance

The World Bank, whose new president is due to be appointed by mid-April, is a global financial organization whose mission is to end extreme poverty by supporting development projects.

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